Pro Farmer's Daily Advice Monitor

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  • June 11: No changes.
  • June 10: No changes.
  • June 9: No changes.
  • June 8: No changes.
  • June 7: No changes.

*Note: Check below daily to see if we recommend catch-up sales for individual markets.

Corn

Cash-only marketers

2020 crop: 90% sold

2021 crop: 30% forward sold for harvest delivery 

Hedgers — cash sales

2020 crop: 90% sold

2021 crop: 30% forward sold for harvest delivery 

Hedgers — futures/options

No positions

Get current with advised 2020- and 2021-crop sales. Hold remaining old-crop inventories as gambling stocks in case of a summer weather rally. 

Soybeans

Cash-only marketers

2020 crop: 90% sold

2021 crop: 30% forward sold for harvest delivery 

Hedgers — cash sales

2020 crop: 90% sold

2021 crop: 30% forward sold for harvest delivery 

Hedgers — futures/options

No positions

Get current with advised 2020- and 2021-crop sales. Hold remaining old-crop inventories as gambling stocks in case of a summer weather rally. 

Wheat

Cash-only marketers

2021 crop: 60% sold 

2022 crop: 10% forward sold for harvest delivery next year

Hedgers — cash sales

2021 crop: 60% sold

2022 crop: 10% forward sold for harvest delivery next year. 

Hedgers — futures/options

No positions

Get current with advised 2021- and 2022-crop sales. 

Cotton

Cash-only marketers

2020 crop: 90% sold

2021 crop: 40% forward sold for harvest delivery 

Hedgers — cash sales

2020 crop: 90% sold

2021 crop: 40% forward sold for harvest delivery 

Hedgers — futures/options

No position

Get current with advised old- and new-crop sales. We'll give futures a chance to challenge the spring highs before finishing old-crop sales unless recent support fails to hold. 

Livestock

Cattle

2nd qtr. 2021

0%

3rd qtr. 2021

0%

4th qtr. 2021

0%

1st qtr. 2022

0%

Carry all risk in the cash market for now. 

Hogs

2nd qtr. 2021

0%

3rd qtr. 2021

25% in July at $95.375

4th qtr. 2021

0%

1st qtr. 2022

0%

Be prepared to add to third-quarter hedges and possibly establish fourth-quarter hedges.  

Feed

Corn

2nd qtr. 2021

100%

3rd qtr. 2021

25%

4th qtr. 2021

0%

1st qtr. 2022

0%

Get current with advised corn-for-feed coverage. Be prepared to extend coverage if the market drops below the recent lows. We are targeting a drop to the $6.30 area in old-crop futures and to $5.30 in new-crop futures to extend coverage. 

Meal

2nd qtr. 2021

100%

3rd qtr. 2021

58%

4th qtr. 2021

0%

1st qtr. 2022

0%

Get current with advised cash feed coverage. Be prepared to extend coverage on a drop to the mid- to low-$380 range in September futures. 

 

Latest News

Short-term trends for corn and soybeans turn sideways

Find updates to our short-term, intermediate- and long-term trends for commodity and key outside markets.

Corn export inspections hold above 1.5 MMT

Wheat inspections were near the upper end of expectations and last week’s tally was revised 75,091 MT higher versus what was initially reported. Soybean inspections, on the other hand, were even lighter than expected.

Monday Morning Wake Up Call | June 14, 2021

Grain and soy futures are under hefty pressure on improved rain chances in the coming weeks. Feeder cattle futures are sharply higher with fat cattle near unchanged. Lean hog futures are under pressure.

Ahead of the Open

Grains, soybeans down sharply as Midwest rains ease dryness concerns.

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